We have an unused supply area. Due to the liquidity, we can consider reaching this area. The price target is to at least reach the bottom of the liquidity area.
Is the bottom in? Who knows? The Renko chart does not predict tops of bottoms but it shows a clear trend in one direction. Money is made in the middle, not catching the tops or bottoms - that's gambling. Either that or you're a market manipulator yourself. Anyway, we are still below the red moku cloud and the lagging line is still below price action. So this...
Although I view crypto market as a bear, I am not saying it can't have one more bounce. And if we take a look at the 2nd biggest coin ETH we can clearly see that price is still moving inside this big channel. This is renko 1d chart with a block size 1% of max price - 48$. There was 2 attempts this year to break this channel, but every time price has bounced of it....
The Renko chart for the S&P 500 Index (SPX) is now showing a sell signal. This charting system is used exclusively to spot a trend. We have the same candle pattern as back in February 2020 before a major correction. This pattern came up again January 2022. We can also draw the classic ABC EW correction here: We are looking at a ~13% drop from the current...
After a bearish crossover of EMA 20 and MA 40, NDX broke down the support level. we can also find bearish crossover on Renko oscillator. These are signals for the downtrend to continue
Although the breakdown occurred in the weekly timeframe, it is still early to confirm. The reason is that in the Renko daily time frame, bitcoin is still above the support level. Until the breakdown is confirmed, it will be difficult to tell if it is a breakdown or a trap. But there is a point in the TSI indicator that increases the likelihood of facing a real...
1 minute ago Renko_Ichimoku Analysis: Bitcoin met all three conditions for the continuation of the downtrend in Ichimoku analysis: 1- the red Cloud 2- New red brick below the red Cloud 3- The lagging span below the red cloud Weis wave Renko Volume: The volume in the recent downtrend wave is greater than the uptrend waves in the range area. It seems that we have...
Although we have seen rapid growth in SPX over the past few days, this is not a confirmed reason for an uptrend. Although this may indicate a potential spring, SPX must break the swing area to confirm it. In Renko analysis, we see a bearish crossover of MACD and also the breakdown of the RSI support line
Bitcoin Renko-Chart - BTC with breakout of falling wedge Will we soon see the next leg up in the still valid bearish flag until $50.000? Not unlikely IMO - what is your opinion? Drop me a nice comment if you'd like me to analyze any other cryptocurrency. *not financial advice do your own research before investing
BTC price action with the removal of time via Renko indicates a clear culmination point is in play... as BTC hits the lower end of a long-term ascending parallel channel. Reversal or bounce is likely based on support trend-line, key distinction being the macro headwinds the markets are facing from the economy. Useful chart view to gain another perspective.
Bitcoin BTC Renko-Chart - Fakeout or breakout ?! Bullish: Fakeout could lead to a break of the red trendline resistance and higher prices. Bearish: Breakout might get confirmed and the green support trendline could get tested. What do you think? Drop me a nice comment if you'd like me to analyze any other cryptocurrency. *not financial advice do your own...
Bitcoin still is bearish in Renko chart. it resected the MA 40 resistance and breakdown the trendline support. Renko analysis does not show any signs of trend changing. we can not confirm the breakdown now. if bitcoin returns again inside the value area, We can consider this breakdown as a potential spring
Bitcoin Renko-Chart - BTC in falling wedge but also bear flag The falling wedge more likely breaks out to the upside... the bear flag more likely to the downside. This overall Renko-Chart shows the history until 2015 and before we don't see a break through of the green trendline there is no reasons for concerns IMO - are you with me? Drop me a nice comment if...
Bitcoin has been in the range area for more than 3 months, and the prolongation of this period has tired analysts. During these three months, analysts have had differing views on where the breakout will take place. The movement in the swing zone should end gradually and we should see a bitcoin breakout. During this period, not even a confirmed spring or upthrust...
u can see here a nice entry sign for the buy in 1 hr timeframe ( if u go down more for ex 5 mins u can make an entry in more good position )
- The Moku cloud is still conflicted between red and green, signaling market indecision. - The long wick to the top of the current brick shows that while we tried to rally above 40.5k, we couldn't hold it long enough to make a stand there. - We are still under the green cloud, which means bulls are not ready yet. - At the previous brick, we didn't manage to get...
Bitcoin respected the moving average of 40 bricks in the daily time frame of the Ranko chart. This indicates that the bitcoin bear bias still continues, and we still do not see any sign of a possible change in the trend
Bitcoin respected the moving average of 40 bricks in the daily time frame of the Ranko chart. This indicates that the bitcoin bear bias still continues, and we still do not see any sign of a possible change in trend